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The OuterhavenThe Outerhaven
Home»News»Microsoft’s Value Crosses the $1 Trillion Mark

Microsoft’s Value Crosses the $1 Trillion Mark

By Josh PiedraApril 30, 2019

Earnings calls are going out left and right. While Sony and Nintendo are reporting their numbers, Microsoft has a number of their own to report! It was stated that their company’s value has crossed the $1 Trillion mark for the first time in the company’s history!

Their positive earnings report caused their share price to increase, causing the company to surpass $1 Trillion. However, that price didn’t hold steady and by the end of trading, the stock prices fell slightly, valuing Microsoft at $995.4 Billion.

A 14% increase in earnings in the third fiscal quarter heavily attributed to the share price increase. Microsoft reported a net income of $8.8 billion. Not a bad chunk of profit for 3 month’s worth of work.

The report stated that while Xhox console sales are down, total gaming revenue was up 5%. Moves such as Xbox services expanding to Nintendo Switch, Games with Gold, and more attributed to this increase. The services side alone saw a 12% increase over the previous quarter.

Microsoft still has the new disc-less Xbox One S coming out as well as a potential next-gen Xbox announcement at this year’s E3 in just a little over a month’s time. 

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Josh Piedra
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Josh has been an anime fan for nearly twenty years. In addition, he is a light novel author with over 25 books published as well as the owner of Meteora Press, his personal publishing label. Anime and otaku culture isn't Josh's only area of expertise. He also has a Bachelor of Arts in Game Design and has created a handful of independent games along with a deep working knowledge of the gaming industry.

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